Whether I should invest in Australia dollar to prepare for Austaralia Trip ???
By dominichan
@dominichan (302)
Malaysia
November 6, 2008 7:07pm CST
I recently buy the air ticket to visit Australia during next year 2009.
I found that the Australia dollar vs malaysia ringgit now is 2.41 which is very low compare to previous 3.0.
So i am thinking of invest the foreign account now to prepare for the trip.
Do you think should i do it now or wait for further change due to economic crisis
3 responses
@maximax8 (31046)
• United Kingdom
7 Nov 08
I suggest that you look at exchange rates for the last year to see any pattern. I know that exchange rates can go up and down. The more currency you get you will feel happy if you get a good rate and sad if you get a bad rate. It is challenging to predict what the exchange rate will do now. I have been to the USA and suffered a bad rate three times. It meant poor value and traveling in the States felt pricey. I had a good rate in Australia so that was better for me. If the rate is going to get worse it would be a wise idea to get your Australian dollars now. Good luck.
@tahiti_rose (150)
•
7 Nov 08
I am from Oz, and I can guarantee the A$ will recover pretty fast, as our economy is recovering well.
@ladysurvivor (4746)
• Malaysia
7 Nov 08
If you are from Malaysia I think you should start investing Australian dollar from now. You can get more when you convert now when the Australian currency is low. When it is up again like 3.0 you have to use more money to get the same amount of Australian Dollars.
I think this is the best time to do it. Don't wait anymore. If the Australian Dollar suddenly goes up again, you will lose a lot.
